Huntington Ingalls Industries Rating Increased to Buy at Deutsche Bank (HII)
Huntington Ingalls Industries (NYSE:HII) was upgraded by equities researchers at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $100.00 price target on the stock. Deutsche Bank’s price objective points to a potential upside of 18.54% from the stock’s previous close.
A number of other firms have also recently commented on HII. Analysts at Barclays raised their price target on shares of Huntington Ingalls Industries from $70.00 to $85.00 in a research note to investors on Thursday, November 14th. They now have an “equal weight” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Huntington Ingalls Industries from $60.00 to $73.00 in a research note to investors on Wednesday, October 16th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $68.63.
Huntington Ingalls Industries (NYSE:HII) traded up 1.91% on Tuesday, hitting $84.36. 550,659 shares of the company’s stock traded hands. Huntington Ingalls Industries has a 1-year low of $41.36 and a 1-year high of $83.47. The stock’s 50-day moving average is $78.30 and its 200-day moving average is $67.11. The company has a market cap of $4.165 billion and a P/E ratio of 19.01.
Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, November 7th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.35. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.64 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that Huntington Ingalls Industries will post $4.53 EPS for the current fiscal year.
Huntington Ingalls Industries, Inc (NYSE:HII) owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding.
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